1) I know that for VMware Essential Plus is licensed up to 3 Host Max and 192GB per RAM. But what is the vRAM Pool if I only use 2 host, will it still be allocated to 192GB of RAM?
This is correct as you get a vRAM Entitlement of 32GB x 6 VMware vSphere Essentials CPU licenses that come in the kit. Assuming you apply the remaining licenses to your hosts. You can essentially just layer licenses on a host to increase your entitlement.
2) If I use Vsphere 5 Standard License, I will be only entitled 32GB of vRAM pool for one License? Which means if I buy 2 License, I will have up to 64GB of vRAM pool?
A license equates to a physical CPU. If you have dual proc servers then each server requires 2 licenses which gives you 64GB for each host.
3) Is the maximum amount of VRAM allocated to a VM 96GB? What happens if I purchased 2 License of Enterprise Plus. Willl it be 1TB?
The maximum for any license level for allocation of vRAM to a VM is 1TB in vSphere 5.
Here is a few links to help you better understand:
http://www.vmware.com/files/pdf/vsphere_pricing.pdf
http://www.vmware.com/pdf/vsphere5/r50/vsphere-50-configuration-maximums.pdf
Message was edited by: jamesbowling for clarification